Groww, India’s largest retail investment platform, launched its highly anticipated Initial Public Offering (IPO) from November 4 to 7, 2025. Valued at approximately $7.1 billion (around Rs 62,500 crore), this IPO marks one of the biggest fintech public offerings in the country for the year. The company aims to raise Rs 6,632 crore through a mix of fresh equity and an offer for sale by existing investors, including marquee global firms such as Tiger Global, Sequoia Capital, and Ribbit Capital.
Groww IPO Key Details:
- IPO Opening Date: November 4, 2025
- IPO Closing Date: November 7, 2025
- Listing Date: November 12, 2025
- Price Band: Rs 95 to Rs 100 per share
- Total Issue Size: Rs 6,632.3 crore
- Fresh Issue: Rs 1,060 crore
- Offer for Sale: Rs 5,572.3 crore
- Lot Size: 150 shares
- Minimum Retail Investment: Approximately Rs 15,000
- Valuation: Around $7.1 billion (Rs 62,500-70,400 crore)
- Market Position: India’s largest brokerage by active clients with about 48 million active users
Financial Snapshot and Growth:
For the fiscal year 2025, Groww reported robust financials with revenue crossing Rs 4,000 crore and net profit near Rs 1,900 crore, reflecting an impressive net margin of 44.85%. The platform has demonstrated strong user acquisition, overtaking rivals like Zerodha in active user count, while continuing to expand its product offerings beyond equity broking into margin trading, loan against securities, and NBFC services.
IPO Objectives:
The funds raised from the IPO will be utilized for:
- Investing in technology and cloud infrastructure to scale the platform.
- Brand building to strengthen market presence.
- Expansion of the margin trade funding and loan against securities business.
- Enhancing subsidiary capital to drive future growth.
Competitive and Regulatory Context:
Groww has disrupted the Indian investment landscape by targeting first-time investors and underserved markets with a user-friendly app interface and diversified investment products. However, the company faces regulatory headwinds, especially around futures and options trading, which historically contributed significantly to its revenue. The evolving regulatory landscape and increasing competition from established players like Zerodha have prompted Groww to diversify and innovate aggressively.
Investor Insights:
The IPO attracted strong retail participation with 57% subscription on opening day and grey market premiums indicating expected listing gains of approximately 10%. Early investors are set to realize significant paper gains, with valuations reflecting both the company’s dominant market share and its profitable business model.
How Groww IPO Impacts Retail Investors:
Groww’s listing symbolically represents the growth of India’s retail investment culture with over 12 crore new investors introduced through fintech platforms. The company’s philosophy of “time in the market matters more than timing the market” emphasizes a long-term investment approach. Retail investors considering applying to the IPO should weigh Groww’s market leadership, growth potential, and regulatory risks before committing capital.
Should You Invest in Groww IPO?
Groww’s IPO offers an opportunity to invest in a profitable, high-growth fintech leader with a massive retail investor base and strong backing from global investment firms. However, investors should consider valuation premiums, market cyclicality related to capital markets dependence, and regulatory uncertainties impacting the derivatives segment.